Global Ai Image Recognition Market 2024-2028
The ai image recognition market is forecasted to grow by USD 3783.9 mn during 2023-2028, accelerating at a CAGR of 23.04% during the forecast period. The report on the ai image recognition market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advances in medical imaging field, declining costs of hardware, and increased investments in image recognition field.
Technavio's ai image recognition market is segmented as below:
By End-user
- BFSI
- Automotive
- Retail
- Security
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the growing popularity of cloud-based image analysis solutions as one of the prime reasons driving the ai image recognition market growth during the next few years. Also, increasing use of big data analytics and growing use of ai in bfsi sector will lead to sizable demand in the market.
The report on the ai image recognition market covers the following areas:
- Ai image recognition market sizing
- Ai image recognition market forecast
- Ai image recognition market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ai image recognition market vendors that include Alphabet Inc., Amazon.com Inc., Clarifai Inc., Hitachi Ltd., Honeywell International Inc., International Business Machines Corp., Intel Corp., LTU TECH, Micron Technology Inc., Microsoft Corp., NEC Corp., NVIDIA Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Slyce Acquisition Inc., Vispera information technologies, and Wikitude GmbH. Also, the ai image recognition market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.